Defi closes $100-million (U.S.) direct offering

Mr. Defi Technologies Inc reports DEFI TECHNOLOGIES ANNOUNCES CLOSING OF US$100 MILLION REGISTERED DIRECT OFFERING Defi Technologies Inc. has closed its previously announced $100-million (U.S.) registered direct offering. The offering was placed with several well-known institutional investors and led by cornerstone investor Galaxy Digital (Nasdaq: GLXY). Pursuant to the offering, such investors have purchased an aggregate of 45,662,101 common shares and warrants to purchase up to an additional 34,246,577 common shares, at a combined purchase price of $2.19 (U.S.) per common share and three-quarters of a warrant. Each warrant has an exercise price of $2.63 (U.S.) per common share, equal to 120 per cent of the offering price (a 20-per-cent premium), is exercisable immediately upon issuance and expires three years from the date of issuance, subject to an acceleration feature based upon share price appreciation and other factors. The gross proceeds to the company are $100-million (U.S.) before deducting the placement agent fees and other offering expenses. The company intends to use the net proceeds of the offering to, among other things, expand its exchange-traded product (ETP) offerings, pursue further digital asset trading, lending and staking transactions, provide funds for potential acquisition opportunities, and finance recently announced business initiatives that align with its growth strategy. Joseph Gunnar & Co. LLC acted as the exclusive placement agent in connection with the offering. The offering was made under the company's short form base shelf prospectus dated Aug. 29, 2025, filed with the securities regulatory authorities in each of the provinces and territories of Canada, and the corresponding registration statement on Form F-10 (file No. 333-290048) filed by the company with the U.S. Securities and Exchange Commission (SEC) under the U.S./Canada Multijurisdictional Disclosure System (MJDS). The offering was made only by means of a prospectus supplement to the base shelf prospectus filed with the applicable securities regulatory authorities in Canada and with the SEC as part of the company's registration statement under the MJDS. Copies of the supplement and the base shelf prospectus are available on SEDAR+ and copies of the supplement and the registration statement will be available on EDGAR. Alternatively, copies may be obtained from: Joseph Gunnar, attention: Syndicate Department, 40 Wall St., suite 3004, New York, N.Y., 10005, or by calling 212-440-9600. About Defi Technologies Inc. Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi). Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to digital assets via regulated ETPs (exchange-traded products); Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company's internal arbitrage and trading business line. We seek Safe Harbor.